Accelerating Decarbonization

The Challenge

The world is not on track to achieving the Paris Climate Agreement goal of mitigating a global temperature rise.  Choices made today will lock in emissions trajectories for years to come and leave communities vulnerable to climate impacts. But, the world has a historic opportunity and necessity to change course while also fulfilling the Sustainable Development Goals (SDGs). The World Bank Group (WBG) has been instrumental in helping countries address climate change.  Aligning our financing flows with the goals of the Paris Agreement through the WBG’s new Climate Change Action Plan reaffirms this unrelenting commitment.